News for Standard Chartered PLC (SCBFY)

India’s Manipal Education & Medical Group is in talks with a group of global lenders to raise about 40 billion rupees ($466 million) to help fund its purchase of Sahyadri Hospitals, according to people familiar with the matter.

Manipal Group seeks $466 million from global lenders for Sahyadri Hospitals acquisition, attracting international lenders to India.

India has expanded the usage of a derivative product popular with foreign investors, according to people familiar with the matter, giving them wider access to the nation’s $639 billion credit market.

Bitcoin and Ethereum could still be great long-term investments.

Commerzbank AG plans to sell a significant risk transfer tied to a portfolio of corporate loans, according to people familiar with the matter, as the German lender moves to free up capital to fend off a potential takeover bid from UniCredit SpA.

Stablecoins are digital tokens, in the form of cryptocurrencies pegged to liquid assets, so far mostly the U.S. dollar but also in some cases gold or other currencies. Their underlying blockchain technology enables instant, borderless and round-the-clock transfer of funds at low cost, giving them the potential to disrupt traditional cross-border payment systems.

The 1Malaysia Development Berhad (1MDB) scandal was one of the biggest financial frauds in history, with stolen funds estimated to have exceeded $4 billion

Torrent Pharmaceuticals secures $2.3 billion credit line for JB Chemicals acquisition from global banks.

Indias breakthrough into global debt markets needs a second act. Foreign investors have bought a net $20 billion of the nations index-eligible sovereign debt after JPMorgan Chase & Co. announced Indias inclusion to its benchmark emerging market index in 2023. Recent outflows have left total investments on the low end of estimates by analysts.

Jumbotail Funding: Jumbotail has successfully raised $120 million in a Series D funding round, alongside acquiring Solv India, to expand its B2B commerce offerings in India. This strategic move aims to empower small retailers and modernize offline retail networks through technology. Discover how this acquisition and funding will transform the retail landscape in India.

European authorities are pushing banks to disclose more data on loans to investors who turn around and use the funds to help peers offload credit risk, according to a top regulator.

Deutsche Bank has raised its price target for Standard Chartered (SCBFF) from 970 GBp to 1,200 GBp. Despite this increase, the bank maintains a Hold rating on t

Asian companies are increasingly focusing on the Middle East. Saudi Arabia, Qatar, and the UAE are investing heavily in new industries. This attracts firms from South Korea, China, and India. Banks from London, Singapore, and Tokyo are also showing interest. More companies are using banks to facilitate business in this region. Chinese and Japanese lenders are gaining recognition in Dubai.

An RBI investigation revealed lapses in Standard Chartered Bank's sale of complex derivative products, leading to accountability measures. Several employees from the forex derivatives desk have departed amidst intensified scrutiny. Bonuses for senior officials are withheld due to ongoing internal reviews and regulatory concerns regarding inadequate risk disclosures to clients.

Under the bank's current system, individual managers have the freedom to set their own in-office staffing rules based on their business requirements.

Temasek Holdings Pte Chairman Lim Boon Heng is stepping down and will be succeeded by Teo Chee Hean, marking a significant shift in leadership at the Singapore state investor.

Hong Kong bankers have become fixated on an $11 billion loan deal with unusually high stakes for the financial hub.

India’s shorter-tenor bonds are set to extend their outperformance as analysts expect the central bank’s record dividend payout will further boost the cash surplus in the banking system. The Reserve Bank of India approved a record dividend payout of 2.69 trillion rupees ($32 billion) on Friday.This payout is expected to boost liquidity for lenders as the government utilizes the funds for expenditure.

(Bloomberg) -- New World Development Co. has secured commitments from about 10 banks for its HK$87.5 billion ($11.2 billion) loan refinancing, according to peop...